AutoZone board approves $500M stock repurchase - The Business Review (Albany):

http://olealawyers.com/2009/03/oleas-commitment-to-socially-conscious-lawyering/
The company’s board of directorzs approved the repurchase June 17 as part ofthe company’s ongoin g share repurchase program, the company announced aftet the close of markets Wednesday. The last repurchase authorization was in Decembee and was asimilar $500 million. There were thre $500 million authorizations in 2008 and a totalof $7.9 billiob since 1998. "We remain committecd to utilizing share repurchases within the bounds of a disciplinexd capital structure to enhance stockholder returns while maintaining adequate liquidithy to executeour plans,” said CFO Bill Memphis-based AutoZone (NYSE: AZO) is the leadinb retailer and distributor of automotive replacement parts and accessories in the U.
S. The company sellss auto and lighttruck parts, chemicals and accessories through 4,172 AutoZone stores in 48 states, the District of Columbiw and Puerto Rico in the U.S. and 168 storesd in Mexico. Shares of AutoZone close Wednesdayat $155.54, up 2.37